Dubai, United Arab Emirates Rental rates for residential properties poised for an upward trajectory Property Trends Good to Know Popular Locations Sirva Tips Dubai’s 昀氀exible visa schemes and aggressive In a landlord’s market, they are highly likely to Budget friendly locations: Make sure the assignee’s residence visa or Emirates ID is in place before 昀椀nalizing any purchase, rental, economic plan to boost trade and investments to a take the 昀椀rst and/or best offer with quick Al Nahdam Diera or lease contract or agreement. global hub status led to an in昀氀ux of investors and transactions. They may be open to negotiations immigrants to the city, resulting in a vast increase in for single cheque payments. Mirdiff Damac Hills Ensure the assignee has suf昀椀cient funds to pay for demand for rental properties. Upfront payment to secure an unfurnished Mid-range locations: the property and can put down a security deposit (5-10% of total rent) once the right property is Current market conditions in Dubai have increased property is at 5% of the annual rent and 10% Jumeirah Village Circle Arabian Ranches chosen. for furnished properties. the prevalence of tenants to renew residential leases, thus dividing the new and renewed property rental Bur Dubai Reem Engage an authorized housing agent who can review Typical length of tenancy is 1 year. rates. Luxurious high-end locations: all property documents to ensure a Ejari certi昀椀cate Rental costs for affordable properties surged by 4% to is issued – a vital piece of paperwork for assignees sponsoring their family residence visa. 28%. Dubai Marina Dubai Hills estate Asking rents for high-end properties have increased Landlords will take the 昀椀rst and/or best offer for a Business Bay Al Brasha quick rental. Discounts may be provided or by up to 31%. Demand for properties in popular locations is high, negotiated for single cheque payments. resulting in in昀氀ated rental prices. Many turn to the more affordable areas outside of the city.